Cabot Oil & Gas leads energy stocks higher

SAN FRANCISCO (MarketWatch) — Energy stocks rose on Thursday, with Cabot Oil & Gas Corp. taking the lead after the exploration and production company said it sees production growth of up to 50% next year.

U.S. closer to being major natural gas exporter

The United States is one step closer to becoming a major exporter of natural gas.A long awaited report from the Energy Department issued Wednesday said the benefits of exporting the gas far outweigh the costs.